Insolvency Insurance Sample Clauses

Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to HPN a true copy of Provider’s current Insolvency Insurance Policy, not later than the effective date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to HPN a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give HPN immediate written notice thereof.
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Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to SelectCare a true copy of Provider’s current Insolvency Insurance Policy, not later than the Effective Date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to SelectCare a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give SelectCare immediate written notice thereof.
Insolvency Insurance. 1. In accordance with Act No. 281/2001 Coll. on Tours, Conditions of Business Activities of Travel Agencies and Travel Agents, as amended, the Organizer is obliged to arrange compulsory contractual insurance of the tour in the event of its insolvency. The Organizer, as the policyholder, has concluded a contract for the insurance of the tour in the event of its insolvency with UNION Insurance Company, a.s., as the insurer. Based on this contract, the Customer, as the insured, to whom the concluded Contract applies, has the right to insurance benefits in cases where the Organizer, due to its insolvency, does not provide the Customer with transportation from the place of stay abroad to the Slovak Republic if this is part of the tour, does not return the Customer the paid deposit or the price of the tour if the tour did not take place, or does not return the Customer the difference between the paid price of the tour and the price of the partially provided tour if the tour was only partially provided. 2. In addition to the obligations stipulated by generally binding legal regulations, the Customer as the insured is particularly obliged to: a) notify the insurer in writing of this fact no later than 6 months from the date of the occurrence of the insured event. The written form is not required if the Organizer, due to its insolvency, does not provide the Customer with transportation from the place of stay abroad to the Slovak Republic, b) provide the insurer with the necessary cooperation in determining the scope and amount of their claims for insurance benefits, in particular by submitting the Contract and other documents that are decisive for assessing the occurrence of the insured's right to insurance benefits and its amount, as well as allowing the insurer to conduct an investigation related to this, c) secure the right to compensation from another party or a similar right. If the Customer as the insured breaches the above obligations, the insurer is entitled to reduce the insurance benefits according to the extent to which this breach affected the insurer's obligation to pay. 3. The travel agency shall provide the Customer, together with the Contract, a document containing information about the concluded insurance of the tour, indicating the insurer, the conditions of the insurance, and the method of reporting the insured event. 4. The detailed wording of the General Insurance Conditions for compulsory contractual insurance of the tour in the event of the O...
Insolvency Insurance. According to the Act on the Provision of Tourism Services of the Republic of Croatia, the Agency is obliged to deposit, for each travel arrangement, an insolvency security with an insurance company or a bank in the Republic of Croatia, for
Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to PMC a true copy of Provider’s current Insolvency Insurance Policy, not later than the effective date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to PMC a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give PMC immediate written notice thereof.
Insolvency Insurance. If RPO has entered into any agreement for insolvency insurance insuring RPO or its members against risks of RPO's insolvency ("Insolvency Insurance Policy"), RPO shall provide to Texas HealthSpring a true copy of RPO's current Insolvency Insurance Policy, not later than the effective date of this Contract. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, RPO shall provide to Texas HealthSpring a true copy thereof. If RPO receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, RPO shall give Texas HealthSpring immediate written notice thereof.

Related to Insolvency Insurance

  • Insolvency, Etc In the event of the firm being adjudged insolvent or having a receiver appointed for it by a court or any other order under the Insolvency Act made against them or in the case of a company the passing any resolution or making of any order for winding up, whether voluntary or otherwise, or in the event of the firm failing to comply with any of the conditions herein specified AIIMS, Jodhpur shall have the power to terminate the contract without any prior notice.

  • INSOLVENCY OF THE COMPANY Company shall notify the FHCF immediately upon becoming insolvent. Except as otherwise provided below, no covered loss reimbursements will be made until the FHCF has completed and closed its examination of the insolvent Company’s losses, unless an agreement is entered into by the court appointed receiver specifying that all data and computer systems required for FHCF exposure and loss examinations will be maintained until completion of the Company’s exposure and loss examinations. Except as otherwise provided below, in order to account for potential erroneous reporting, the SBA shall hold back 25% of requested loss reimbursements until the exposure and loss examinations for the Company are completed. Only those losses supported by the examination will be reimbursed. Pursuant to Section 215.555(4)(g), Florida Statutes, the FHCF is required to pay the “net amount of all reimbursement moneys” due an insolvent insurer to the Florida Insurance Guaranty Association (FIGA) for the benefit of Florida policyholders. For the purpose of this Contract, a Company is insolvent when an order of liquidation with a finding of insolvency has been entered by a court of competent jurisdiction. In light of the need for an immediate infusion of funds to enable policyholders of insolvent companies to be paid for their claims, the SBA may enter into agreements with FIGA allowing exposure and loss examinations to take place immediately without the usual notice and response time limitations and allowing the FHCF to make loss reimbursements (net of any amounts payable to the SBA from the Company or FIGA) to FIGA before the examinations are completed and before the response time expires for claims filing by reinsurers and financial institutions, which have a priority interest in those funds pursuant to Section 215.555(4)(g), Florida Statutes. Such agreements must ensure the availability of the necessary records and adequate security must be provided so that if the FHCF determines that it overpaid FIGA on behalf of the Company, or if claims are filed by reinsurers or financial institutions having a priority interest in these funds, that the funds will be repaid to the FHCF by FIGA within a reasonable time.

  • Solvency, etc On the Closing Date, and immediately prior to and after giving effect to the issuance of each Letter of Credit and each borrowing hereunder and the use of the proceeds thereof, with respect to each Loan Party, individually, (a) the fair value of its assets is greater than the amount of its liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated in accordance with GAAP, (b) the present fair saleable value of its assets is not less than the amount that will be required to pay the probable liability on its debts as they become absolute and matured, (c) it is able to realize upon its assets and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business, (d) it does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay as such debts and liabilities mature and (e) it is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which its property would constitute unreasonably small capital.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

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